JPMorgan and Citi Clients Are Getting Comfortable With Chaos
An uptick in deals and fundraising reflects executives adapting to volatility and uncertainty.
JPMorgan Chase CEO Jamie Dimon sees a little clarity.
Photographer: Patrick Bolger/Bloomberg
Chief executive officers in the US and beyond are becoming accustomed to the policy swings of President Donald Trump and are deciding they can pursue growth ambitions regardless.
That was the main message in the strong investment banking fees reported by JPMorgan Chase & Co. and Citigroup Inc. in second-quarter earnings Tuesday. It will raise hopes among bankers for more deals and stock market debuts during the rest of the year despite the fast-approaching deadline of Aug. 1 for a fresh set of hefty trade taxes to be imposed in the latest round of tariff fights.